New York
More Leases at 850K-SF 437 Madison
Three firms have signed leases in the last three weeks for office space at 437 Madison Ave., a 40-story, 850,000-square-foot… Read more
Analyzing the Costs of 421-a Revision
The New York real estate world is still waiting for state legislators to renew the 421-a, which gives new apartment developments… Read more
Welcoming Entry Planned for Midtown Building
The new plaza in front of 1345 Avenue of the Americas (1345 Sixth Ave.) is being updated to offer generous… Read more
A Nonprofit Takes Financial District Space
United Neighborhood Houses signed a 10-year lease on new headquarters space in the Financial District. The 98-year-old nonprofit will relocate to… Read more
Retail Attracts 10-Year CMBS Refi
The owners of 1204, 1212 and 1214-1216 Broadway have taken out a $58 million CMBS loan to refinance the property.… Read more
Salty Recognition in Tribeca
Salt sheds are normally ugly, utilitarian structures. But Tribeca is one of the most expensive neighborhoods in the world, and… Read more
Fewer Permits Without 421-a
Developers took out permits to build just 24,757 New York City apartments in 2016 — that’s less than half the… Read more
Hudson’s Bay Makes Macy’s Bid
Hudson’s Bay Co., the parent of retailers Lord & Taylor and Saks Fifth Avenue, is interested in acquiring the struggling… Read more
East Harlem Apartments Trade for $15M
Itzhaki Acquisitions paid $14.7 million for an East Harlem building with 45 apartment units. That works out to a price… Read more
New Confidence for New York City Housing Authority
There’s a new confidence in the headquarters of the New York City Housing Authority (NYCHA) in downtown Manhattan. On Thursday,… Read more
20 Exchange’s $269M Loan
Money is still flowing to rental apartment properties in the Financial District. The Art Deco tower at 20 Exchange Place… Read more
$60M Comes to Navy Yard . . . Through Immigrants
Immigration brought $60 million to the first phase of redevelopment at Brooklyn Navy Yard, through the federal EB-5 Immigrant Investor… Read more
Riders Like Second Avenue Subway
Real estate investors who bet the new Second Avenue Subway would bring thousands of new commuters past their buildings can relax.… Read more
SoHo’s $10M Townhouse Sale
A private investor paid $9.8 million, or $2,345 per square foot, for a SoHo townhouse with a celebrity past. The… Read more
Construction Consulting Services Value Rising
Access to capital is always a vital component of every commercial real estate project. The capital stack is expected to… Read more
$268M Sale Takes Atlanta-Based Columbia from Cleveland
Columbia Property Trust Inc. exited the Cleveland, OH market with its sale of the 1.3-million-square-foot Key Center. The office tower… Read more
New Housing Commissioner: Maria Torres-Springer
There will soon be a new boss at 100 Gold St., headquarters of the New York City Department of Housing… Read more
Rockefeller Group Happy with Leases Totaling 400K SF
The Rockefeller Group seems very pleased with its renovation of 1221 Sixth Ave. at Rockefeller Center. Since work finished in… Read more
NYC Least Affordable City
Out of 20 leading U.S. cities, New York City is the least affordable, according to a new study by AppFolio.… Read more